Consider a market with inverse demand p100-2q there are two, Ask an Expert

Economics

Consider a market with inverse demand p=100-2q. There are two firms in the market with constant marginal and average costs of $10.

A. Determine the cournot equilibrium quantities and price.

B. What would be the collusive (joint-profit maximizing) price and quantity?

C. Derive the dead weight loss for cournot dupoly, collusion, and perfect competition in this market with two firms.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92199417

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